BitGo Blockchain Security Storage Company Supports Zcash Cryptocurrency

Cryptocurrency-based security firm, BitGo revealed on July 25 that it will supporting Zcash on its blockchain platform.

BitGo praises itself for being in an industry that focuses on delivering trust in digital assets through its multi-signature, multi-currency and institutional custody. Its platform houses many features, some of which include payments, processing, treasury management and B2B and B2C services. As per CoinDesk’s reporting, the security firm was successful in scoring 57 Ethereum-backed cryptocurrencies onto its platform.

What does supporting Zcash mean for crypto users? Users will now be able to store their Zcash holdings onto BitGo’s solutions, namely that of its multi-signature wallets and custody solutions.

@BitGo adds support for Zcash @zcashco https://t.co/8VhMdcdrlH pic.twitter.com/Ozv1IDlYzu

— BitGo (@BitGo) July 25, 2018

Ben Chan, BitGo’s CTO views Zcash has being compatible with BitGo’s goals, calling the former a “natural fit”, which emphasizes on the likes of privacy and heightened security. The decision to include Zcash, according to Chan, originates from institutional investors themselves.

Brad Miller, Zcash’s engineer has also commented on the alliance, sharing that the “Zcash Company ecosystem team and BitGo worked collaboratively to ensure Zcash is well integrated and supported.”

It appears that BitGo will not stop here, as it plans to nearly double its 57 supports to 100 token supports by year-end. Another area of interest that the BitGo team has previously mentioned, is that of a potential asset custody service, which is currently under review.